Kite Realty Group Trust (KRG) Shares Bought by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC boosted its stake in shares of Kite Realty Group Trust (NYSE:KRG) by 45.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 423,588 shares of the real estate investment trust’s stock after buying an additional 133,192 shares during the quarter. TIAA CREF Investment Management LLC owned 0.51% of Kite Realty Group Trust worth $8,019,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Riverhead Capital Management LLC boosted its stake in Kite Realty Group Trust by 64.1% during the second quarter. Riverhead Capital Management LLC now owns 6,727 shares of the real estate investment trust’s stock worth $127,000 after buying an additional 2,627 shares during the period. AXA lifted its position in shares of Kite Realty Group Trust by 205.3% during the second quarter. AXA now owns 224,410 shares of the real estate investment trust’s stock worth $4,249,000 after purchasing an additional 150,900 shares in the last quarter. Systematic Financial Management LP acquired a new stake in shares of Kite Realty Group Trust during the second quarter worth about $1,696,000. Wells Fargo & Company MN lifted its position in shares of Kite Realty Group Trust by 3.4% during the second quarter. Wells Fargo & Company MN now owns 64,972 shares of the real estate investment trust’s stock worth $1,230,000 after purchasing an additional 2,166 shares in the last quarter. Finally, IndexIQ Advisors LLC lifted its position in shares of Kite Realty Group Trust by 11.7% during the second quarter. IndexIQ Advisors LLC now owns 100,825 shares of the real estate investment trust’s stock worth $1,909,000 after purchasing an additional 10,589 shares in the last quarter. 95.74% of the stock is owned by institutional investors.

Several brokerages have recently issued reports on KRG. ValuEngine raised shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating in a research report on Friday. Robert W. Baird reissued a “buy” rating and set a $23.00 price target on shares of Kite Realty Group Trust in a research report on Thursday, August 24th. Zacks Investment Research cut shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. KeyCorp reissued a “hold” rating on shares of Kite Realty Group Trust in a research report on Friday, August 25th. Finally, BidaskClub raised shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $25.33.

TRADEMARK VIOLATION NOTICE: This news story was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international trademark & copyright laws. The correct version of this news story can be accessed at https://ledgergazette.com/2017/10/10/kite-realty-group-trust-krg-shares-bought-by-tiaa-cref-investment-management-llc.html.

Shares of Kite Realty Group Trust (NYSE KRG) opened at 20.11 on Tuesday. Kite Realty Group Trust has a 12 month low of $17.60 and a 12 month high of $26.68. The firm has a market cap of $1.68 billion, a PE ratio of 143.64 and a beta of 0.57. The stock’s 50 day moving average is $20.24 and its 200 day moving average is $19.91.

Kite Realty Group Trust (NYSE:KRG) last issued its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.03. Kite Realty Group Trust had a return on equity of 0.73% and a net margin of 3.29%. The business had revenue of $92.65 million during the quarter, compared to analysts’ expectations of $88.42 million. During the same quarter in the previous year, the business earned $0.52 EPS. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, analysts anticipate that Kite Realty Group Trust will post ($0.05) earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, October 6th will be issued a dividend

A number of other hedge funds also recently made changes to their positions in the business. Riverhead Capital Management LLC boosted its stake in Kite Realty Group Trust by 64.1% during the second quarter. Riverhead Capital Management LLC now owns 6,727 shares of the real estate investment trust’s stock worth $127,000 after buying an additional 2,627 shares during the period. AXA lifted its position in shares of Kite Realty Group Trust by 205.3% during the second quarter. AXA now owns 224,410 shares of the real estate investment trust’s stock worth $4,249,000 after purchasing an additional 150,900 shares in the last quarter. Systematic Financial Management LP acquired a new stake in shares of Kite Realty Group Trust during the second quarter worth about $1,696,000. Wells Fargo & Company MN lifted its position in shares of Kite Realty Group Trust by 3.4% during the second quarter. Wells Fargo & Company MN now owns 64,972 shares of the real estate investment trust’s stock worth $1,230,000 after purchasing an additional 2,166 shares in the last quarter. Finally, IndexIQ Advisors LLC lifted its position in shares of Kite Realty Group Trust by 11.7% during the second quarter. IndexIQ Advisors LLC now owns 100,825 shares of the real estate investment trust’s stock worth $1,909,000 after purchasing an additional 10,589 shares in the last quarter. 95.74% of the stock is owned by institutional investors.

Several brokerages have recently issued reports on KRG. ValuEngine raised shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating in a research report on Friday. Robert W. Baird reissued a “buy” rating and set a $23.00 price target on shares of Kite Realty Group Trust in a research report on Thursday, August 24th. Zacks Investment Research cut shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. KeyCorp reissued a “hold” rating on shares of Kite Realty Group Trust in a research report on Friday, August 25th. Finally, BidaskClub raised shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $25.33.

TRADEMARK VIOLATION NOTICE: This news story was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international trademark & copyright laws. The correct version of this news story can be accessed at https://ledgergazette.com/2017/10/10/kite-realty-group-trust-krg-shares-bought-by-tiaa-cref-investment-management-llc.html.

Shares of Kite Realty Group Trust (NYSE KRG) opened at 20.11 on Tuesday. Kite Realty Group Trust has a 12 month low of $17.60 and a 12 month high of $26.68. The firm has a market cap of $1.68 billion, a PE ratio of 143.64 and a beta of 0.57. The stock’s 50 day moving average is $20.24 and its 200 day moving average is $19.91.

Kite Realty Group Trust (NYSE:KRG) last issued its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.03. Kite Realty Group Trust had a return on equity of 0.73% and a net margin of 3.29%. The business had revenue of $92.65 million during the quarter, compared to analysts’ expectations of $88.42 million. During the same quarter in the previous year, the business earned $0.52 EPS. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, analysts anticipate that Kite Realty Group Trust will post ($0.05) earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, October 6th will be issued a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a dividend yield of 6.02%. The ex-dividend date of this dividend is Thursday, October 5th. Kite Realty Group Trust’s payout ratio is currently 864.29%.

About Kite Realty Group Trust

Kite Realty Group Trust is a real estate investment trust. The Company, through its subsidiary, Kite Realty Group, L.P., owns interests in various operating subsidiaries and joint ventures engaged in the ownership, operation, acquisition, development and redevelopment of neighborhood and community shopping centers in selected markets in the United States.

Want to see what other hedge funds are holding KRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kite Realty Group Trust (NYSE:KRG).

Institutional Ownership by Quarter for Kite Realty Group Trust (NYSE:KRG)

Receive News & Ratings for Kite Realty Group Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kite Realty Group Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply